MIRAE ASSET
NIFTY SDL JUN 2027 INDEX FUND - (MANJF)$
(An open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index.
A scheme with relatively high interest rate risk and relatively low credit risk)
| Type of Scheme | An open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index. A scheme with relatively high interest rate risk and relatively low credit risk |
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| Investment Objective | The investment objective of the scheme is to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since March 30, 2022) Allotment Date |
30th March, 2022 Benchmark Index |
Nifty SDL Jun 2027 Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit Load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on August 31, 2022 |
506.73 Net AUM (₹ Cr.) |
523.84 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on August 31, 2022 Regular Plan: 0.29% Direct Plan: 0.14% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular |
| Growth | ₹ 9.9985 | ₹ 9.9916 |
| IDCW^ | ₹ 9.9985 | ₹ 9.9921 |
| Weighted Average Maturity | 4.51 Years |
| Modified Duration | 3.67 Years |
| Macaulay Duration | 3.93 Years |
| Yield to Maturity | 7.14% |
| Portfolio Holdings | % Allocation | |
| State Government Bond | ||
| 7.78% Bihar SDL (01/03/2027) | 6.83% | |
| 7.25% Punjab SDL (14/06/2027) | 5.16% | |
| 7.51% Maharashtra SDL (24/05/2027) | 5.08% | |
| 7.59% Karnataka SDL (29/03/2027) | 5.05% | |
| 7.92% West Bangal SDL (15/03/2027) | 4.91% | |
| 7.53% Haryana SDL (24/05/2027) | 4.84% | |
| 7.55% Assam SDL (24/05/2027) | 4.83% | |
| 7.52% Uttar Pradesh SDL (24/05/2027) | 4.83% | |
| 7.2% Kerala SDL (14/06/2027) | 4.77% | |
| 7.76% Madhya Pradesh SDL (01/03/2027) | 3.90% | |
| 7.62% Uttar Pradesh SDL (15/02/2027) | 3.88% | |
| 7.59% Gujarat SDL (15/02/2027) | 3.88% | |
| 7.54% Himachal Pradesh SDL (24/05/2027) | 3.87% | |
| 7.21% Uttarakhand SDL (14/06/2027) | 3.81% | |
| 8.31% Rajasthan SDL (08/04/2027) | 2.98% | |
| 7.61% Rajasthan SDL (29/03/2027) | 2.91% | |
| 7.52% Tamilnadu SDL (24/05/2027) | 2.90% | |
| 8.05% Jammu And Kashmir SDL (15/03/2027) | 1.97% | |
| 7.94% Jharkhand SDL (15/03/2027) | 1.96% | |
| 7.85% Bihar SDL (15/03/2027) | 1.96% | |
| 7.78% West Bengal SDL (01/03/2027) | 1.95% | |
| 7.8% Jharkhand SDL (01/03/2027) | 1.95% | |
| 7.62% Tamilnadu SDL (29/03/2027) | 1.94% | |
| 7.62% Andhra Pradesh SDL (29/03/2027) | 1.94% | |
| 7.23% Tamilnadu SDL (14/06/2027) | 1.91% | |
| 7.23% Rajasthan SDL (14/06/2027) | 1.91% | |
| 7.64% West Bangal SDL (29/03/2027) | 1.06% | |
| 7.52% Gujarat SDL (24/05/2027) | 1.05% | |
| 7.86% Karnataka SDL (15/03/2027) | 0.98% | |
| 7.61% Telangana SDL (12/06/2027) | 0.97% | |
| 7.46% Andhra Pradesh SDL (18/05/2027) | 0.96% | |
| 7.8% Chhattisgarh SDL (01/03/2027) | 0.20% | |
| 8.34% Andhra Pradesh SDL (30/05/2027) | 0.06% | |
| 7.63% West Bengal SDL (15/02/2027) | 0.04% | |
| State Government Bond Total | 97.25% | |
| Cash & Other Receivables Total | 2.75% | |
| Total | 100.00% | |
This product is suitable for investors who are seeking*
. Income over long term
. Open ended Target Maturity Index Fund that seeks to track Nifty SDL Jun 2027 Index
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
Note: Due to inflows into the scheme at the month end, the cash component in the scheme is visible on the higher side. This was subsequently deployed. The Yield of the SDL portion in the portfolio is 7.32% and annualized yield of the same is 7.45%. The current yield of the portfolio is 7.04% (including all components) and annualized yield of the same is 7.16%.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 6 Month, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 